Tuesday, October 20, 2009

Top ten small businesses to start

1.Do-It-Yourself business

Most of the case, DIY reduce costs. If you can provide products and services that allow people to DIY something, such as creating your own home cleaning products, you are on a roll.

2. Energy saving business

This idea is definitely hot in the past few years, and in 2009 the emphasis on energy cost-cutting regimes will push any energy saving businesses even further. Producing or distributing LED lightings will be the right business this year.
3. Online business

Ah, my favourite small business idea. The wonder of the Internet is this: For as low as $50 (a domain name + affordable web hosting fee) or even for free, you can start a lucrative online business and shoot for a chance to create a six figure business before this 2009 ends! Of course, one key factor: your competitiveness in a low-cost, high-competition market.

4.Baby boomer-related business

The highlight of the year: Baby boomers are retiring from the workforce, creating a mega-problem to the economy - thanks to the flawed MediCare, Social Security and retirement funds. Creating a business that act as a safety-net for those baby boomers will boom your business sky-high. One example of such business is entrepreneurship training business for baby boomers.

5.Cheap and/or recycled product business

“Turning trash into cash” type of business is very, very lucrative this year. With the increase in material and production costs, making use of ‘useless’ materials and create something out of them will proved to be a thriving business. One example: Creating Converse-like canvass shoes out of wastes - the scrapbooking style.

6.Home based business

The best cost-cutting innovation of all - work from your home! With the ever-presence of the Internet, working at home

7.Charity and philantropy

Giving as a business? Never - However, you can be a business that match recipients and givers, such as the web-based Kiva.com that match small business borrowers with lenders.

8.Outsourcing

There is a better solution in your cost cutting campaign - outsourcing. Outsourcing main benefit is leaning your company so you are more nimble and resposive to changes. The key in outsourcing is finding the right companies to outsource to. The business idea: outsourcing company that manage service buyers needs.

9. Mobile business

No longer a trend for road warriors out there, but a growing trend for new entrepreneurs who envision themselves as location independent business owners. Again, the Internet plays a major role in mobile business, as well as the more powerful and cutting-edge mobile technologies and gadgets. Your iPhone and MacBook Air will enable you to run your business wherever you are.

10. Bootstrapping and cost-cutting consultancy business

As every business owner aim to be leaner and more responsive, bootstrapping and cost-cutting consultants will have their moments this year - roles, such as energy consultants, Internet startup consultants, and similar others will enjoy substantial growth this year.

Source: www.noobpreneur.com


Kyree H. Shaw, founder/CEO
Lighthouse Consulting and Co.
http://www.thelighthouseway.com

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